FedEx still sees TNT deal completing in first half of 2016, Bloomberg reportsFedEx (FDX) continues to expect its acquisition of TNT Express (TNTEY) completing in the first half of 2016, Bloomberg reports. The company is confidence the deal will increase competition, the news service adds. The comments come after the European Union opened an investigation into the merger.

FedEx backs FY16 $4.6B capital spending viewOn July 21, FedEx Corporationís wholly owned subsidiary Federal Express Corporation and The Boeing Company entered into Supplemental Agreement No. 6 to Purchase Agreement Number 3712 dated as of December 14, 2011, between Boeing and FedEx Express related to Boeing 767-300 Freighter aircraft. In the Supplemental Agreement, FedEx Express agreed to purchase 50 additional B767F aircraft from Boeing. Four of the 50 additional firm-order B767F aircraft purchases are conditioned upon there being no event that causes FedEx Express or its employees not to be covered by the Railway Labor Act of 1926, as amended. The 50 additional firm-order B767F aircraft are expected to be delivered from fiscal 2018 through fiscal 2023 and will enable FedEx Express to continue to improve the efficiency and reliability of its aircraft fleet. FedEx Express now has a total of 106 firm orders for B767F aircraft from Boeing through fiscal 2023. In the Supplemental Agreement, FedEx Express also acquired options to purchase an additional 15 B767F aircraft. As a result, FedEx Express now has options to purchase a total of 50 B767F aircraft from Boeing. Expected capital spending for FedEx Corporation for fiscal 2016 remains at approximately $4.6 billion. The impact to FedEx Corporationís capital spending in fiscal 2017 from this new B767F aircraft order is expected to be immaterial.